high leverage small cap oil gas exploration co, page-15

Currently approx.$2mil in cash at bank.
Does not sound alot but will more than cover the cost of Kate drill and leave change. They have halved the cost of rig transport to site in NZ from 1 mil. down to approx. 500K.
GGX overheads are next to nothing and Management are seeking rewards through SP not sucking S/holders dry.
They will need more funds in future but I'm sure will do this at higher SP and given Kate results and more details on Japex result will no doubt be a consideration.
My gut tells me expect some interesting news re ggx and Japex in future but thats IMO only.
I have been informed that they can reach the area from where they were drilling from edge of our block.
Surely given the crap Japex received while drilling and our own excellent drill results they will want some sort of colaberation from our block. It seems the only sensible outcome here.

This France deal is bloody frustrating for us all considering we have been given the green light with just some boundary changes and they still won't formalize the go ahead. Years in the making and so close but no sense of any urgency from the French Govt.